Overuse of a common resource may be avoided by all of the following methods except
A) charging for the use of a common resource.
B) government taking over ownership of all private common resources.
C) setting quotas or legal limits on the quantity of the common resource consumed.
D) issuing tradable permits for the use of a common resource.
B
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Which of the following is NOT an alternative rule for monetary policy?
A) an inflation rate targeting rule B) a natural unemployment rate targeting rule C) a monetary base instrument rule D) a nominal GDP targeting rule E) a money targeting rule
Refer to the above figure. It represents supply and demand for The Black Ash Steel Company's output. The firm's plant belches large quantities of smelly fumes and black ash into the air
Residents in the surrounding area have higher medical bills as a result. If the firm is forced to pay the full social cost of its production, what will occur? A) Black Ash's supply curve will shift from SA to SB. B) Demand for the firm's steel will shift to the left. C) The company's supply curve will shift from SB to SA. D) Black Ash will increase its own output to cover the cost increase.